Cantex Mine Development (CVE:CD) Trading Up 24.1% – Time to Buy?

Cantex Mine Development Corp. (CVE:CD)’s share price traded up 24.1% during trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.18. 320,105 shares changed hands during trading, an increase of 179% from the average session volume of 114,811 shares. The stock had previously closed at C$0.15.

Cantex Mine Development Price Performance

The company has a debt-to-equity ratio of 39.30, a quick ratio of 2.53 and a current ratio of 1.79. The company has a fifty day moving average price of C$0.11 and a two-hundred day moving average price of C$0.12. The company has a market cap of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24.

Cantex Mine Development Company Profile

Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.